Targeted Microwave Solutions Inc.: Corporate Update

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VANCOUVER, British Columbia , Nov. 01, 2018 — Targeted Microwave Solutions Inc. (TSXV: TMS; OTCQB: TGTMF) (“TMS”) announced today the appointment of Gurminder Sangha as CEO and Director of TMS.

Mr. Sangha is experienced in the financial industry with a particular focus of providing advisory services to the resources sector. He brings over 15 years of management and financing expertise in both public and private companies. Mr. Sangha has served as a board member of various TSX Venture Exchange listed companies and assisted with corporate finance duties, business development activities, and corporate governance. Mr. Sangha holds a Bachelor of Commerce degree.

In connection with the appointment of Mr. Sangha, Dr. James Young announced his resignation as CEO, Interim CFO and Director of TMS, effective November 1, 2018.

On behalf of the Board of Directors,

“Mr. Gurminder Sangha” Director

For further information, please contact:

Targeted Microwave Solutions Inc. Telephone: (778) 995 5833

FORWARD-LOOKING STATEMENTS

This news release contains certain statements which are, or may be deemed to be “forward-looking statements”. Forward-looking statements are statements that address or discuss activities, events or developments that we expect or anticipate may occur in the future. Forward-looking statements consist of statements that are not purely historical and, in this news release, include, without limitation, statements regarding: the expected use of the proceeds of the loans. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “projects”, “will”, “believes”, “intends”, “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the then-current expectations, beliefs, assumptions, estimates and forecasts of our management. Because forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict, our actual results, performance or achievements or the actual results or performance of the industries and markets in which we operate and intend to operate may be materially different from those anticipated in our forward-looking statements. Forward-looking statements involve significant uncertainties and risks, should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in our forward-looking statements, including the matters described in our public filings available on SEDAR at www.sedar.com. Accordingly, readers should exercise caution in relying upon our forward-looking statements and we undertake no obligation to publicly revise such statements to reflect subsequent events or circumstances, except as required by law. Neither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

 

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